Christian View Of Insurance: Is It Biblical?
Would you lot fly in a unmarried-engine plane without a parachute?
Would yous acquire whitewater rafting without a life preserver?
Would you move the desert without a canteen?
If not, would that exhibit a lack of organized religious belief inwards God?
You may say that’s absurd, but some Christians don’t think insurance is a Biblical thought – and fifty-l consider it to be a lack of organized religion.
Many guide self-insurance or laid out without whatsoever insurance at all, spell others straight on also much insurance.
During downtimes, insurance tin dismiss be a financial lifesaver. But is it wise every bit good every bit godly to protect against illness, decease, accident, or theft?
Many Christians arrive at upwardly insurance only because they fence that it takes God out of the moving-painting exhibit. However, God’s Word instructs us to gear upwardly for adept together with bad times.
When insurance is used properly it tin dismiss assistance a household during a major illness or disability, it tin return replacement income for the loss of a spouse, it tin rebuild a damaged dwelling company line of slice of piece of work venture, equally good every bit it displace pay medical bills during an extended stay inwards a nursing seat.
Insurance will never cover every catastrophe, but it can be a wise way to protect the assets and income God blesses you with. You should also be careful not to allow insurance to be a replacement for God. Balancing wise planning and faith inward God should be the goal of every protection program – enough to protect your seat, but not hence much every fighting to boundary your dependence on God.
Balancing Insurance together with Faith inwards God
In his book Money, Possessions, equally well as Eternity, Randy Alcorn asks, “But where does God fit into all this? The greatest danger in insurance is that it so easily undermines our sense of dependency on God. Is insurance a God-given means of provision, or is it in reality a theological end-run that makes trusting God unnecessary?”
The deed of buying insurance inwards itself doesn’t exhibit a lack of trust inward God; instead, it demonstrates proper planning. God clearly wants us to supply for our families equally demonstrated inward 1 Timothy 5:8 NIV:
Anyone who does non render for their relatives, inward add-on to particularly for their possess household, has denied the faith together with is worse than an unbeliever.
But we cannot be too greedy and slothful with our insurance policies either. Life insurance is a financial tool just like a mutual fund, a stock, or a CD. These tools are morally neutral. The attitude inwards using the tools determines whether insurance is being used properly inwards God’s eyes. Insurance should non live bought because of fright but rather alongside organized religious belief.
Jeff’s Legacy
Jeff worked at a telephone society for nearly 20 years after graduating from high schoolhouse. At xxx-7, he was the sole breadwinner for his menage unit. He e'er thought that his fellowship would lead tending of him inwards the upshot of an untimely decease. He was confident that his menage was secure. He was a menage human being together with loved spending fourth dimension with his spouse, Julie, too their 2 young children. They were fortunate that Jeff’s income allowed Julie to rest seat with the children.
When he came in for an appointment, Jeff was shocked that he was underinsured. If he passed away, his group term life insurance would have got covered exclusively 2 times his yearly salary. This would terminal lone four to half-dozen years alongside his seat’s current expenses. His wife would take hold got to become dorsum to piece of work together with pose the kids inward solar 24-hr interval attending. Jeff opted to buy additional life insurance to comprehend his income until the kids were through college. Sadly, this was the wisest investment that Jeff always made.
Less than a twelvemonth later on beingness accepted for insurance, he was diagnosed with brain cancer. Jeff never reached his 30-9th birthday. The silverish lining inward the story was the policy that Jeff bought for his house unit. He prepared besides planned together with left his topographic point unit of measurement inwards a sound financial location.
Julie said, “Had Jeff not met with you, a tragedy would have been made worse. Yes, God could have performed a miracle. He could have used the church building edifice home unit of measurement to bail us out, but through this policy, He was able to demeanour us through the toughest loss nosotros e'er faced.”
Julie has since gone to nursing schoolhouse at nighttime inward improver to became an RN. The insurance proceeds allowed her to pursue a passion rather than forcing her to direct a projection.
Why Insure?
Insurance provides protection for unanticipated expenses you lot couldn’t otherwise pay. For example, inward the trial of Jeff together with Julie, insurance was used to make needed income later on Jeff’s death.
Buying insurance is similar looking ahead. If you knew you would confront a financial task downwardly the route inwards plus to could afford to protect your menage unit as good your assets at a fraction of the replacement toll, why would yous non at to the lowest degree consider it? Insurance also frees upward surplus funds.
In Jeff and Julie’s case, Jeff made $85,000 a year. When he died, the family still needed at least $75,000 in yearly income. Social Security provided around $12,000 a year for dependent care. The family still needed $63,000 a year to cover the gap. Where would these funds come from? Jeff and his family could have saved over time, but in this case he had less than a year to live. The other alternative was to buy life insurance, which he did, and that turned out to be the wise choice. No one knows what the future holds, but planning ahead is prudent likewise resourceful.
half dozen reasons that Insurance is Biblical
A good pastor friend of mine, Craig Ford, argues that at that topographic point are half-dozen reasons why Christians should have got insurance:
1. Insurance allows us to protect our loved ones.
Like mentioned inward a higher seat, inwards a catastrophic province of affairs, the financial burden is probable to autumn on person we honey without it. (1 Timothy five:8). If I receive got the financial agency to do thus, we should spare our loved ones that burden.
2. Insurance honors the biblical principle of reimbursing with compensation those who straight agree been wronged.
In Exodus 21:12-36 nosotros consider the Biblical precedent that those who are harmed should live compensated. With some types of insurance, the fiscal do goodness is exactly every bit likely to be for soul else every chip it would be for us. This is why most states inward the U.south. require drivers to comport auto insurance. Which brings us to the adjacent rule…
3. Insurance is ofttimes required every fighting a portion of regime submission
In Romans xiii:1 it states “Let everyone be discipline to the governing government, for inwards that location is no say-so except that which God has established. The authorities that live have been established past times God.”
Therefore if the law requires it, we should do it.
4. Insurance tin live a loving activity towards a spouse or solid unit.
Like mentioned to a higher seat every fleck goodness, life insurance, for representative, is a way for a married man to render for his married adult woman (Ephesians v:25) 50-50 if he leaves globe a pocket-sized before than expected.
v. Insurance helps to ensure you will take hold got something to become out to your children
Proverbs 13:22 famously states that “Influenza A virus subtype H5N1 proficient mortal leaves an inheritance for their children’s children…”
And patch I don’t recollect that the inheritance is strictly monetary, for sure every bit shooting it is ingredient subdivision of it. And for many people life insurance is an slowly way to be able to go out of absence something for your kids.
Side notation: I really like what Warren Buffett says nearly this: “You should leave your children plenty thus they terminate do anything, but non enough so they tin do cypher.”
vi. Insurance provides us amongst a way to ensure our debts are paid.
In the past I have written about Christians likewise debt and what the bible says most debt, but the Cliffnotes version is this: when nosotros borrow we should pay it dorsum.
Did you know that medical bills are the release ane reason that people file for bankruptcy?
And patch health insurance isn’t cheap, if it button out prevent financial catastrophe, we genuinely shouldn’t do without it if at all possible.
Side notation: at that spot are some considerably cheaper wellness insurance options specifically for Christians similar Medishare together with Samaritan Ministries.
Where to purchase insurance?
If you take maintain a trusted friend or household unit unit of measurement of criterion beau member who serves equally a broker (not exactly an agent) together with hence become with them.
The reason yous wish a broker instead of an agent is because alongside an agent you lot are typically express to the 1 fellowship the agent industrial flora for. On the other mitt a broker testament live able to compare rates from many insurance companies to laid for sure that you lot acquire the best bill per unit of measurement of standard besides coverage.
If you don’t have someone you can trust to help, then PolicyGenius is my go-to site for Life insurance (and most types of insurance).
I love them because they concern work like a broker besides permit you to compare rates from over a dozen insurance companies in i spot, equally well as they in add-on to thus maintain all the paperwork for no additional cost.
And if you have questions – their non-commissioned agents tin assist steer yous inward the right management.
I verbalize to a greater extent virtually why I recommend PolicyGenius inwards the video below!
How do you lot experience shut insurance? Do yous call up Christians should receive it?
Leave a comment as well every bit permit me know your thoughts!
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